OIL BELOW $45 FOR THE FIRST TIME IN SIX YEARS The price of oil just slumped below $45 for the first time since 2009. Its fell 5% yesterday, and its reasonable to start talking about how low oil can go. Goldman Sachs thinks that could be $40 for the first half of the year. Its down 59% already since mid-June last year. If WTI falls another $4 per barrel, down to below $41, itll be testing territory that hasnt been seen in a decade.
Posted on: Tue, 13 Jan 2015 10:48:48 +0000
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